BTC/USD (Bullish breakout?: up to 8k target)
BTC/USD
Bitcoin broke the trendline resistance and the 200MA on the 4H chart.
If BTC can hold current levels for the next 24 hours, we could expect a potential bull cross of 50MA plus 200MA together.
A good retest of old resistance turning into new support is also ideal for a Long opportunity.
The upside target is up to 8k psychological resistance plus trading history and stop-loss is placed under 50MA.
Bitcoin broke the trendline resistance and the 200MA on the 4H chart.
If BTC can hold current levels for the next 24 hours, we could expect a potential bull cross of 50MA plus 200MA together.
A good retest of old resistance turning into new support is also ideal for a Long opportunity.
The upside target is up to 8k psychological resistance plus trading history and stop-loss is placed under 50MA.
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